Hey all, its been a mighty long time since I've posted here and I've
had an exciting two weeks! I scored my biggest score last week when I
chopped up the $70k Guar. on PokerStars for 11k once it got down to
three handed at the final table and I had hald of the chips in play.
Originally they were hesitant to agree but once the math was done they
realized they were getting a good deal and agreed. They both walked
away with $200 more than 2nd place and I got about 1500 less than 1st,
and although I would loved to have won that tournament I am still
very satisfied with the result. To cap off last week's success I (for
some unknown impulsive reason) downloaded and installed Cake Poker on
my PC on Sunday. It turned out to be a good move, I won the first 2
tournaments I played on there netting $5300. I must say the players on
Cake Poker are really terrible and theres no database that keeps track
of who's who on Cake as they do for the other big sites, so it makes
it much less appealing to the number grinding nits who cannot play a
hand without pokertrtacker or some other crutch. This isnt to belittle
the software (such as ours, which unfortunately also does not yet
support Cake poker) that really does provide an edge, but the results
speak for themselves, and I certainly attribute the caliber of play on
Cake poker to the fact that they do not support 3rd party data-mining
software, nor do they release their results for tournaments, and this
literally turns enough people away that actually would do fairly well
anyway, that it leaves a window of opportunity for anyone willing to
play by the seat of their pants (oh yeah theyre calling your 15bb
shove w K7s ALL DAY!!!) to make a killing. PLAY AT YOUR OWN RISK!!! I
have found that Cake sofware is at time glitchy and the times for
tournaments can sometimes be off by an hour. WHat happened to me twice
was that I had registered for a tournament that was supposed to start
at say 18.00, the clock on the program reads 18.00 but no tournament
comes up, I check the lobby and I'm still registered but the
unregister button has dissappeared, I said sh*t this funky website
just made me lose $33. Well an hour later the tournament starts and
all is not lost, partially due to the fact that I wasnt planning on
leaving my "office" for the next 12 hours, but if you have a life or
some other engagement that day, I would stay away from Cake's
tournaments until after they've started and you can late reg. into
them.
Aside from this theres is one subject I want to cover in this post,
and that is pocket pairs 22-99 in any position. I have noticed that
overplaying these hands is (was) a huge leak in my game and is a huge
leak in the game of many of my opponents. I must say that I've been
playing poker since 2001 and in my earliest days I've had insights
into the game the values of which I have only recently begun to apply
to my game profitably. One such insigt was that pocket pairs provide
you with a false sense of security, I remember saying these words out
loud to a buddy of mine at a local card club one night after what must
have been a loss with a hand I can probably guess oh about 1 in 8
times. (22-99, if you're really high or slow) The next time i
specifically remember beating myself up over overplaying a medium
pocket pair was in the 750k of Full Tilt about a year ago. I lost the
hand when I had made a standard raise from UTG w 77 and got called by
the SB, the flop fell 6 high and I felt pretty good when he checked to
me so I fired a standard CBet for about 1/2+ the pot and got flat
called. The turn paired the board and I bet again (closer to 2/3 of
the pot this time) after being checked to, when the villain check-
raised me all-in I knew I was in bad shape but by that time I had put
close to 2/3 of my stack into the pot and I had an overpair with a
gutshot, and so I lost to AA. I'm sure you can recant a similar story
if youve played enough poker and can understand what I mean by
overplaying small and middle pocket pairs (SMPP's) Often you are the
aggressor or the flop comes below your pocket pair, sometimes you have
a flush or a straight draw, sometimes both. Regardless of these
factors the only two factors that you should consider IMMEDIATELY
after being dealt SMPP is A)your chip stack relative to the blinds
B)if there is a raise, what proportion of your stack is equal to the
raise you have to call to see the flop (1/2, 1/10, 1/100... etc). If
there is no B) consider only A). Dan Harrington writes in his second
volume on tournament strategy, that the number of chips one should
have if one is calling a bet/raise preflop should be AT LEAST 20 times
the bet. That means that if the blinds are 200/400 and you have 6400
in chips you need about 1600 more chips to justify your MERE CALL of
the blinds preflop with a hand like 88 in early position. Now you
might say to me, hey I've seen you play you don't fold pocket pairs
when you have less than 20 times the preflop bet! And you're right I'm
usually going all in with them preflop in an attemp to take down the
blinds. I WOULD NEVER LIMP to try to catch a set with less than a 20BB
stack. I would also never call a raise that would force me to commit
more than 1/20th of my stack in the hopes of catching a set. One might
say that this is way too tight and that im not maximizing the value of
my small sets by either going all in preflop or folding, and yes I
guess this is true, but there are only maybe 2 hands I would play for
value (AA,KK) when I have less than 20BBs. The fact of the matter is
that once you have reached this pitiful level in the tournament,
you're not even playing poker anymore, you're playing a game of
intimidation and that has its own rules and strategy. As for getting
back to our subject on SMPP's, it is a widely known fact that the odds
of catching a set are approximately 1:8 and this is often
misinterpreted as the ratio of chips one should have in their stack
relative to amount one has to call to see the flop for set odds. NOT
SO! For one you not going to get paid 100% of the time you catch your
set, secondly you might wind up with the 2nd best hand anyway even
after you hit your set and this will most likely lose you your whole
stack. Another issue to consider is whether or not you are closing the
action preflop, because if you aren't you can never be sure that the
bet you are calling now will not be raised and invalidate the ratio.
Now although it is true that a lot of times when you are playing a
SMPP you will be up against two overcards, and technically you are
ahead of those hands preflop by a couple of percent. However, there is
approx a 50% chance of a queen king or an ace falling on the flop a
50%+ chance of a ten, queen, king or ace, 55%+ of a 9,10,J,K or A on
the flop and so on. Basically most of the time you play and SMPP you
are going to have to play it on a flop that contains overcards, which
might or might not have hit your opponent. Unless you are Stu Ungar
you are going to have a hard time accurately distinguishing when your
opponent hit the flop, hit a draw, or missed everything but is a
stubborn donkey whos going to hit the Ace on the river no matter what
you do. Overall analysis: it is not a good flop if it contains an
overcard and theres is action from your opponent. (As a side-not: I
must say that some of the biggest pots I've won were with SMPP's on
overcard flops when I had a dead read on the player, these are
exceptions, and a s ageneral rule I fold to any action on an overcard
flop when I have a SMPP. Always follow your reads first though) Ok, so
those flops are bad, which would lead you to believe that flops
containing all undercards are probable safe, right? Well probably not
if you read the story above, and this is what I would say is the
greatest single leak in regard to overplaying these dangerous hands.
These flops appear safe and they sometimes are, the only problem is,
when they're safe you win a small pot, when they're not you usually
lose a big one. What I mean by this is, lets say you have our favorite
hockey sticks, you're in the HJ and you raise 3x on a 60bb stack, the
SB a tricky, good player on a smilar stack, flat calls, the flop comes
down 653x giving you an overpair and a gutshot to what you have to
assume would be the nuts, plus you also have 2 outs for a set (that
would make a straight but give you a redraw, if it was on the turn....
etc) the SB checks to you and you bet the standard 55%, and you get
raised 2.5 x your bet giving you about 3.25:1 odds. This is where most
people make the mistake of either calling or reraising (all in or
not). This is still a mistake even if the player is not so tricky, and
you didnt raise preflop, or he led out into you on the flop. What you
HAVE TO consider is what his hand could be or how it could've been
improved, or threatened by that flop so that he would put you to a
decision. Most of the time you will come to the realization that you
are probably beat. If you raised preflop and got called you have to
assume that the caller either called you with Ax or a PP (the
possibilities of course much wider than this and you should use your
information on a player to ascertain his range of hands, however the
two aforementioned options are the most common place amongst players
of unknown tight/looseness). In this case as it were with our 77 we
would not really be much of a favorite against any hand that would
raise us on the flop on a board of 653x unless it was specifically 44,
A7 or a complete bluff (such as overcards, which by the way still have
around a 30% chance of drawing out on you on the turn and the river).
The hands that you are going to get action from on that flop will
usually be pocket pairs either below or above your 77 and you are
losing to all but 2 of the 13 pocket pairs ever made. After some
consideration it should be apparent that these "safe" flops aren't if
you are getting any sort of action from an opponent and so one should
ask, what the hell AM I really looking for with a SMPP? the answer is
fairly obvious: a Set! I cannot begin to tell you how much middle
ground you place youself in if you begin/continue to play SMPP's on
flops where you haven't caught a set and you committed less than 5% of
your stack to the pot preflop (meaning you were in the hand to catch a
set, not to play the value of your hand, as I mentioned before, this
post applies to SMPP's on stacks of over 20BBs or 20x the preflop
raise). Yes if you follow this advice to a T you will invariably wind
up folding the best hand some of the time, but most of the time you
will be making the correct decision based on ranges, stack sizes and
the odds the pot will be giving you.
I feel as if I should wrap this up with a disclaimer, there is an age
old adage about poker questions, it says that the answer always begins
with the words, IT DEPENDS, I want you to memorize this, because every
situation you will encounter will be unique and will require a unique
course of action, after 100,000's of hands you might find yourself in
the same "unique" situation several times and you will instinctively
know what to do because you've already been there before. Until that
time I highly suggest you follow the guidelines that dictate a more
tight/conservative approach. While you are playing in this mode I want
you to observe every hand you are not involved in to tyr to narrow
down your opponents ranges to as few hands as possible. Once this
becomes routine for you, you should be able to open up your game and
turn some marginal spots into clear cut +EV situations. One example:
You're dealt 99 on the button, everyone folds you make it 2.5x on a
40BB stack (sure its not 1/20th but you're not exactly set mining, you
have the 5th best hand in the best position). The SB folds and the BB
calls. You have a read on the BB, you know he is aggressive and a
little on the loose side and would rerasie you with any pair/A8+ but
call you with any two high cards or an ace. The flop comes down A82x
and he checks. Now before you fire out a CBet, pause and use your
read, you know he's loose aggressive so his range is pretty wide,
however you can take the pairs out of the equation and only concern
yourself with two highcards or an ace. The fact that he checked the
flop suggests that he did not hit the ace (if the flop has a flush
draw on it it is even more reason to suspect he does not have an ace,
a lot of people find it very difficult to check top pair on a flop
that contains a flush draw, even heads up) so if you bet now he will
either most likely fold, or checkraise you in the case that he either
caught 2 pair or decided to slowplay an ace. In this situation I would
check about 90% of the time in an attempt to induce a call on a turn
that I deem safe for me. If the turn pairs the board, I will usually
have a much easier time getting action, because if the board didnt
improve then theoritcally neither did my hand, since I did not Cbet
the flop. If the turn falls a safe card that does not pair the board
such as 3-7 I will bet if checked to and call/raise based on my read
if bet into. Opportunities such as this are rare but I felt I needed
to mention a scenario such as this to demonstrate the fact that
although I am a preacher and practioner of very tight/conservative
SMPP play, there are times when all of that goes out of the window and
your position, read, stack and flop texture will determine your
action, not your cards.
I hope you enjoyed this read, I'll be back soon with more, let me know
if there is something specific someone wants me to discuss.
Dinky